Narrow Band IoT Market: Trends, Forecast and Competitive Analysis

Trends, opportunities, and forecast in narrow band IoT market to 2025 by deployment type (in-Band, Guard-band, and Standalone), device type (Alarm & detector, Smart parking, Smart meter, Smart lighting, Tracker, Wearables, and Others), end use industry (Automotive, Agriculture, Infrastructure, Healthcare, Energy & Utilities, Manufacturing, and Consumer Electronics), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW)

Publisher: Lucintel Published: September 2020
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Narrow Band IoT Market: Trends, Forecast and Competitive Analysis

Report Feature

The future of the narrow band IoT market looks promising with opportunities in the communication applications. The narrow band IoT market is expected to grow with a CAGR of 41% to 43% from 2020 to 2025 The major growth drivers for this market are growing demand of IoT industry along with growth of connected devices, increasing adaption of new cellular communication technology of IoT Low-Power Wide-Area (LPWA) applications, and high inclination towards low-cost, and long-range connectivity technologies.
 
A more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of narrow band IoT market report download the report brochure.
 




This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and narrow band IoT market deployment types, device type, end use industry, and region as follows:
 
By Deployment Type [$M shipment analysis for 2014 – 2025]:
  • In-Band
  • Guard-band
  • Standalone
By Device Type [$M shipment analysis for 2014 – 2025]:
  • Alarm & detector
  • Smart parking
  • Smart meter
  • Smart lighting
  • Tracker
  • Wearables
  • Others 
By End Use Industry [$M shipment analysis for 2014 – 2025]:
  • Automotive
  • Agriculture
  • Infrastructure
  • Healthcare
  • Energy & Utilities
  • Manufacturing
  • Consumer Electronics
  • Others 
By Region [$M shipment analysis for 2014 – 2025]:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • Italy
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of the World
AT&T; Huawei Technologies Co., Ltd.; Qualcomm Technologies, MediaTek Inc.; T-Mobile US, Inc.; Intel Corporation; Nokia; and Vodafone Group PLC are among the major manufacturers of narrow band IoT market. 

In this market, In-band, guard-band, and standalone are the major deployment types used in narrow band IoT market. Within the narrow band IoT market, automotive, agriculture, infrastructure, healthcare, energy & utilities, manufacturing, and consumer electronics are the major end use industries. 
 
Asia Pacific is expected to witness the highest growth over the forecast period due to growing demand of smart phones along with the rapid urbanization and growth smart cities.
Some of the features of Narrow Band IoT Market Report: Trends, Forecast, and Opportunity Analysis include:
  • Market size estimates: Narrow band IoT market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by by various segments and regions.
  • Segmentation analysis: Market size by various segments such as by deployment type, device type, end use industry, and region.
  • Regional analysis: Narrow band IoT market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different end use industry, deployment, device, and regions in the narrow band IoT market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape in the narrow band IoT market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions:
 
Q.1 What are some of the most promising potential, high-growth opportunities for the narrow band IoT market by deployment type (in-Band, Guard-band, and Standalone), device type (Alarm & detector, Smart parking, Smart meter, Smart lighting, Tracker, Wearables, and Others), end use industry (Automotive, Agriculture, Infrastructure, Healthcare, Energy & Utilities, Manufacturing, and Consumer Electronics), and region (North America, Europe, Asia Pacific (Asia Pacific), and Rest of the World (ROW))?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the narrow band IoT market?
Q.6 What are emerging trends in narrow band IoT market and the reasons behind them? 
Q.7 What are some changing demands of customers in the narrow band IoT market?
Q.8 What are the new developments in the narrow band IoT market? Which companies are leading these developments? 
Q.9 Who are the major players in this narrow band IoT market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this narrow band IoT market and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in this narrow band IoT market?
 

Table of Contents

1. Executive Summary
4.1 Global Narrow Band IoT Market by Region

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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